Trading The DFMGI Index

The DFMGI features 36 members, and midday on Monday 4 April 2016 the index featured 20 members up and 4 members down. The index has a year to date return of 7.22% and a 1-year return of -3.29%. On Monday, 4 April, the index closed at 3,378.54 for a gain of 2.28% or 75.31 points on the day.

dfmgi

Analysts who have been following this index over the past month have reported the following buy/sell signals:

  • Viewed from a monthly perspective, the MA (Moving Averages) of the DFM General Index indicate a buy proposition.
  • Viewed from the perspective of technical indicators over the course of a month, the DFM General Index is a sell proposition.
  • Overall, Moving Averages and Technical Indicators indicate a neutral position for the month.
  • From a daily perspective, the moving averages, technical indicators and overall consensus for the stock indicates a strong buy.
  • Kicking the week off on Monday, 4 April, the worst-performing components of the DFM general include the following:

  • Dubai Islamic Insurance with a change of -6%, with a last price of 0.611 (high of 0.620 and low of 0.611)
  • Marka Pjse with a change of -3.85%, with a last price of 1.25 (high of 1.25 and low of 1.23)
  • Takaful Emarat PSC with a change of -3.61%, with a last price of 1.870 (high of 1.920 and low of 1.840)
  • By contrast, the strongest performing companies in the index include the following:

  • Arabtec Holding with a change of +8.70%, with a last price of 1.750 (high of 1.750 and low of 1.610)
  • Drake & Scull Int with a change of +6.67%, with a last price of 0.528 (high of 0.531 and low of 0.494)
  • Emirates NBD PJSC with a change of +3.17%, with a last price of 7.800 (high of 7.800 and low of 7.780)
  • Below is a table representing the worst performing DFM General Components for the year to date:

    dfmgi 1

    Below is a table representing the best performing DFM General Components for the year to date:

    dfmgi 2

    UAE stocks moved higher at the close of the day on Monday, 4 April 2016. Strong earnings were enjoyed by several sectors including banking, real estate & construction, and & investment. At the close of the trading day, the ADX general gained 0.58% and the DFM general gained 2.28%. It is notable to point out that the number of rising stocks exceeded the number of declining stocks by a long margin, with 22 stocks rising on the day and just 4 stocks declining on the day.

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